Rochelle lost her job as a salesperson when sales fell off during the recession. Now she is looking for a new job. Rochelle is
A) not unemployed.
B) frictionally unemployed.
C) cyclically unemployed.
D) structurally unemployed.
E) none of the above.
C) cyclically unemployed.
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Which of the following is subject to double taxation?
A) income earned by people in the lowest tax bracket B) Social Security income C) dividends and retained earnings D) income earned by government employees
Which of the following must be true if the short-run average total cost curve is declining? a. Marginal cost is less than average total cost
b. Marginal cost is less than average variable cost. c. Marginal cost is greater than average total cost. d. Marginal cost equals average total cost.
The marginal propensity to consume is
a. the change in income divided by the change in consumption b. consumption spending divided by income c. income divided by consumption spending d. the change in consumption divided by the change in income e. the change in consumption divided by income
The cost curve that shows the lowest per unit cost of producing any given level of output is called:
a. the long run average cost curve. b. the long run marginal cost curve. c. the average variable cost curve. d. the average fixed cost curve.